Chasin’ Dreams Farm
Early Stage
Crafting snackventions: better-for-you, more FUN for you, clean label snacks
Overview
Raised: $62,250
Total Commitments ($USD)
Platform
Republic
Start Date
05/10/2021
Close Date
09/07/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$523
# of Investors
107
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Chasin’ Dreams Farm, with a $6 million valuation cap, is raising crowdfunding on Republic. The company makes healthy, corn-free, gluten-free, non-GMO, and clean label snacks. The snacks come in tiny sizes and three nostalgic flavors, including Cinnamon, Cocoa, and Sweet & Salty. Sydney Chasin founded Chasin’ Dreams Farm in 2018 and has raised over $340,000 since the inception. The current crowdfunding campaign has a minimum goal of $25,000 and a maximum goal of $1,070,000, and the funds will be used to expand distribution, build the team, and fund marketing activities. Chasin’ Dreams Farm has distribution partnerships with the top natural products distributors with a strong gross margin of over 50%.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$25,565 |
$78 |
|
COGS |
$25,547 |
$503 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-145,997 |
$-6,574 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$104,791 |
$1,664 |
|
Accounts Receivable |
$-9,943 |
$0 |
|
Total Assets |
$128,527 |
$1,664 |
|
Short-Term Debt |
$10,207 |
$1,961 |
|
Long-Term Debt |
$207,192 |
$5,577 |
|
Total Liabilities |
$217,399 |
$7,538 |
Financials as of: 05/10/2021
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